MIRA INFORM REPORT
|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
EDCON
(PTY)LTD |
|
|
|
|
Registered Office : |
Edgardale, 1 Press Avenue, Crown Mines, 2092 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
05.02.2007 |
|
|
|
|
Com. Reg. No.: |
M2007/003525/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in textiles, clothing and footwear |
|
|
|
|
No. of Employees : |
43985 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
South Africa - ECONOMIC OVERVIEW
south Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.
|
Source : CIA |
Company
name
|
Subject Name |
EDCON (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact
Person |
CHARLES VIKISI -
Financial Director |
|
Assessment |
This is a well-established and well
-connected business. On investigation contact was made with the financial
director MR. CHARLES VIKISI who assisted with the basic information. MR.
VIKISI requested a questionnaire for completion due to him not having the
required information at hand. MR. VIKISI further stated that he would channel
the questionnaire to all the relavent departments within the organisation to
obtain the required information. We are awaiting further information. Please
see the available information on the subject below. |
Company information
|
Registered Name |
EDCON (PTY)LTD |
|
Trading as/
Division Name |
EDCON |
|
Previous Name |
None |
|
Date of Name
Change |
|
|
Registration
Number |
M2007/003525/07 |
|
Registration Date |
2007/02/05 |
|
Date Commenced
Trading |
2007-02-05 |
|
Age of Business |
6 Years 2 Months |
|
History of
Business |
The subject was
established in 2007, however the holding company was established in 1946. |
|
History of
Principals |
There are 4
active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % - EDCON
HOLDINGS PROPRIETARY LTD |
|
Authorised Share
Capital |
R1000.00 |
|
Issued Share
Capital/Members Contribution |
R 1.00 |
|
Status |
In Business |
|
Operations
Assessment |
The subject is
one of the largest clothing, footwear and cosmetic wholesalers and retailers
in South Africa. |
|
Industry/
Customers |
The Public and
Corporate bsuinesses |
|
Export |
Yes |
|
Export Countries |
|
|
Import |
|
|
Import Countries |
|
|
Major Industry
Code / SICC |
61310 |
|
Definition of
Code |
Wholesale trade
in textiles, clothing and footwear |
|
Head Office
Physical Address |
EDGARDALE, 1
PRESS AVENUE, CROWN MINES, 2092 |
|
Head Office
Postal Address |
P 0 BOX 100,
CROWN MINES, 2025 |
|
Current Tel
Number |
0114956000 |
|
Cell Number |
|
|
Current Fax
Number |
0118375019 |
|
Current Email
Address |
|
|
Web Site Address |
|
|
Comments |
|
Auditors information
|
Company
Registered Name |
ERNST
& YOUNG INC |
|
Trading
Name |
ERNST
& YOUNG |
|
Registration
Number |
2005/002308/21 |
|
Physical
Address |
Wanderers
Office Park, 52 Corlett Drive, ILLOVO, JOHANNESBURG |
|
Postal
Address |
PRIVATE
BAG X14, NORTHLANDS, 2116 |
|
Contact
Person |
JANE
FITTON |
|
Contact
Number |
011772300 |
|
Email |
|
|
Principals |
76 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
9019447E |
|
VAT
Number |
4280230949 |
|
Tax
Number |
9414606153 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
June |
|
No
of years in Business |
6 |
|
Website |
|
|
Comment |
|
Previous auditors
|
Company Name |
Phone Number |
Time with previous
auditors |
Comment |
|
DELOITE AND TOUCHE |
|
Unknown |
|
Tax information
|
Vat Number |
4460236773 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
2007/02/05 |
|
Tax Number |
9388966153 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
March |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
5.00 |
|
Expire
Date |
Jul 1 2012 |
|
BEE
Certificate Available |
No |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Company structure
|
Subsidiary
Company |
|
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Comment |
The subject has
more than 13 subsidiary based businesses. |
|
Employees |
|
|
Number of
Employees |
43985 |
|
1. Salaried
employees |
|
|
2. Waged
employees |
|
|
3. Permanent
employees |
18271 |
|
4. Casual
employees |
25714 |
|
5. Contracted
employees |
|
|
Comment |
The subject has 43 985 employees
within the Group. A further breakdown on the subject itself was not made
available. |
Company Fleet Information – No Information On Record
Offices Information - No Information On
Record Branch Information
Branch information
|
Branches
Names |
Country |
Province |
|
|
South Africa |
|
|
Branch
Detail Information |
||
|
Branches Owned/
Rented |
Owned |
|
|
Rental Company |
|
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease Agreement |
|
|
|
Lease Expire Date |
|
|
|
Type of Premises |
|
|
|
Comment |
The group owns
over a 1000 branches.Branches for group stores:EDGARS - 166, BORDAAANS -36,
RED SQUARE -37, TEMPTATIONS-8, PRATO-6, EDGARS ACTIVE-8, CNA-202, JET-299,
JET MART-118, LEGIT-154, DISCOM-140, JET SHOES-6, JET HOME-1 |
|
Management Overview
Organisational
Chart - No Information on Record
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100%
- EDCON HOLDINGS PROPRIETARY LTD |
EDCON (PTY) LTD |
|
|
Key Deals -
No Information on Record
Trade
References Information - No Information on Record
Adverse Information on Subject
Judgements -
No information on record BusinessRescue - No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
Bank information
|
Bank |
FIRST NATIONAL
BANK |
|
Branch |
CORPORATE
JOHANNESBURG |
|
Brach Code |
250655 |
|
Bank Account
Number |
|
|
Type of Account |
|
|
Account Name |
|
|
Overdraft
Facilities |
|
|
Bank Code |
|
|
Bank Comment |
|
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds Information
Property
Interests for CompanyEDCON (PTY)LTD
|
Title Deed No. |
T1758/2008 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
SAN LAMEER ESTATE
SOUTHBROOM |
|
Property Type |
Freehold |
Extent / Size |
146.0SQM |
|
Purchase Date |
2007/05/24 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ELEPHANT
ONTHECARDS PTY LTD |
|
Bond Number |
B15792008 |
Bond Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed No. |
T1758/2008 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
SAN LAMEER ESTATE
SOUTHBROOM |
|
Property Type |
Freehold |
Extent / Size |
252.0SQM |
|
Purchase Date |
2007/05/24 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ELEPHANT
ONTHECARDS PTY LTD |
|
Bond Number |
B15792008 |
Bond Amount |
|
|
Comment |
|
||
|
Title Deed No. |
ST1757/2008 |
Erf/Site No. |
24 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
24 UNKNOWN
SAN LAMEER ESTATE SOUTHBROOM |
|
Property Type |
Sectional Title |
Extent / Size |
104.0SQM |
|
Purchase Date |
2007/05/24 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ELEPHANT
ONTHECARDS PTY LTD |
|
Bond Number |
SB15782008 |
Bond Amount |
|
|
Comment |
|
||
Financial information
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment,
Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
Loan Details |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year
Turnover |
|
|
Estimated Current
Year Turnover |
|
|
Current Turnover
per month |
|
|
Current Turnover
per annum |
|
|
Comment |
|
|
Please
note the following: |
|
|
Turnover and assets less than R
1,000,000.00 |
The subject falls
within the National Credit Act |
|
Turnover and assets less than R
2,000,000.00 |
The subject falls
within the Consumer Protection Act |
Principals
|
Number of
Principals |
4 |
|
Average Age of
Active Principals |
49 |
|
Active
Principals Principal
- 1of 4 JURGEN
SCHREIBER |
|
|
Surname |
SCHREIBER |
|
First Name |
JURGEN |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6202070000000 |
|
Verified ID
Number |
No |
|
Current Age |
51 |
|
Designation |
CHIEF EXECUTIVE
OFFICER |
|
Status |
Active |
|
Appointment Date |
2011/04/01 |
|
Physical
Address (at time of Appointment) |
12 5 OLD HOUSE
LANE, MELROSE ARCH, JOHANNESBURG, GAUTENG, 2193 |
|
Postal Address |
P 0 BOX 200,
CROWN MINES, CROWN MINES, JOHANNESBURG, 2025 |
|
Current Tel
Number |
011495600 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forJURGEN SCHREIBER
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
KIARABEX (PTY)
LTD |
K2011/125186/07 |
In Business |
1 Years 6 Months |
0 |
No |
|
|
BESSIE RETAIL TRADING (PTY)LTD |
K2012/089060/07 |
In Business |
11 Months |
0 |
No |
|
|
EDGARS
CONSOLIDATED STORES LTD |
M1946/022751/06 |
In Business |
66 Years 8 Months |
0 |
No |
|
|
EDCON HOLDINGS
(PTY) LTD |
M2006/036903/07 |
In Business |
6 Years 5 Months |
0 |
No |
|
|
EDCON (PTY)LTD |
M2007/003525/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
LTD%20-%20217509%2016-Apr-2013_files/image001.gif)
Principal Previous Business Interests
Principal Deeds Information
– No Information On Record
|
Principal
- 2of 4 CHARLES VIKISI |
|
|
Surname |
VIKISI |
|
First Name |
CHARLES |
|
Other Names |
MZWAND |
|
Marital Status |
Married |
|
ID Number |
7508145347089 |
|
Verified ID
Number |
Yes |
|
Current Age |
39 |
|
Designation |
FINANCIAL
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2008/10/01 |
|
Physical
Address (at time of Appointment) |
72 BANBURY
GARDENS, HUNTERS ROAD, NORTHWOLD, 0000 |
|
Postal Address |
P O BOX 100,
CROWN MINES, 2025 |
|
Current Tel
Number |
0118423300 |
|
Cell number |
0723445004 |
|
Shareholding/Membership |
0.0000 |
Business
Information forCHARLES VIKISI
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
UNITED RETAIL LTD |
M1946/020392/06 |
In Business |
67 Years 3 Months |
0 |
No |
|
|
EDGARS
CONSOLIDATED STORES LTD |
M1946/022751/06 |
In Business |
66 Years 8 Months |
0 |
No |
|
|
NATIONAL SECURITY
CORPORATION (PTY) LTD |
M1946/023720/07 |
In Business |
66 Years 5 Months |
0 |
No |
|
|
BOOKWISE (PTY)
LTD |
M1968/014327/07 |
Deregistration
Process |
44 Years 5 Months |
0 |
No |
|
|
LAURE FASHIONS
(PTY) LTD |
M1990/007137/07 |
Deregistration
Process |
22 Years 5 Months |
0 |
No |
|
|
RAPID DAWN 132
(PTY) LTD |
M2002/004179/07 |
In Business |
11 Years 2 Months |
0 |
No |
|
|
CELROSE (PTY)LTD |
M2006/033124/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
EDCON HOLDINGS
(PTY) LTD |
M2006/036903/07 |
In Business |
6 Years 5 Months |
0 |
No |
|
|
EDCON ACQUISITION
(PTY) LTD |
M2007/000518/07 |
In Business |
6 Years 3 Months |
0 |
No |
|
|
EDCON FINCO (PTY)
LTD |
M2007/003444/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
|
EDCON (PTY)LTD |
M2007/003525/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
LTD%20-%20217509%2016-Apr-2013_files/image002.gif)
Principal Previous Business Interests
|
EDCON RETAIL |
M2008/019063/07 |
In Business |
4 Years 8 Months |
0 |
No |
|
|
ACADEMY (PTY)LTD |
|
|
|
|
|
|
Principal's Deeds
Information - No information on record
|
Principal
- 3of 4 URIN FERNDALE |
|
|
Surname |
FERNDALE |
|
First Name |
URIN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6501035147082 |
|
Verified ID
Number |
Yes |
|
Current Age |
48 |
|
Designation |
GROUP HUMAN
RESOURCES DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2007/05/14 |
|
Physical
Address (at time of Appointment) |
NO 4 CASA DIVA,
GIBSON DRIVE, BUCCLEUCH, 2066 |
|
Postal Address |
P O BOX 9300,
PRETORIA, 0001 |
|
Current Tel
Number |
0114957070 |
|
Cell number |
0827898466 |
|
Shareholding/Membership |
0.0000 |
Business
Information forURIN FERNDALE
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
UNIT 4 CASA DIVA
BUCCLEUCH CC |
B1998/031102/23 |
In Business |
14 Years 11
Months |
0 |
No |
|
|
UNIT 5 CASA DIVA
BUCCLEUCH CC |
B1998/060940/23 |
In Business |
14 Years 6 Months |
0 |
No |
|
|
UNIT 3 CASA DIVA
BUCCLEUCH CC |
B1998/060955/23 |
In Business |
14 Years 6 Months |
0 |
No |
|
|
UNIT 11 CASA DIVA BUCCLEUCH CC |
B1998/063013/23 |
In Business |
14 Years 5 Months |
0 |
No |
|
|
UNIT 9 CASA DIVA
BUCCLEUCH CC |
B2002/019758/23 |
In Business |
11 Years 1 Months |
0 |
No |
|
|
UNITED RETAIL LTD |
M1946/020392/06 |
In Business |
67 Years 3 Months |
0 |
No |
|
|
BOOKWISE (PTY)
LTD |
M1968/014327/07 |
Deregistration
Process |
44 Years 5 Months |
0 |
No |
|
|
EDCON HOLDINGS
(PTY) LTD |
M2006/036903/07 |
In Business |
6 Years 5 Months |
0 |
No |
|
|
EDCON (PTY)LTD |
M2007/003525/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
Principal
Previous Business Interest
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
W M
CUTHBERT AND CO LTD |
M1925/008279/06 |
Deregistration
Final |
87 Years 10
Months |
0 |
No |
|
|
C N A PROPERTIES
LTD |
M1940/014082/06 |
Deregistration
Process |
72 Years 9 Months |
0 |
No |
|
|
EDGARS
CONSOLIDATED STORES LTD |
M1946/022751/06 |
In Business |
66 Years 8 Months |
0 |
No |
|
|
TOPICS (PTY)LTD |
M1955/000568/07 |
In Business |
58 Years 2 Months |
0 |
No |
|
|
PEOPLES
STORES (BOPHUTHATSWANA) (PTY) LTD |
M1980/070133/07 |
Deregistration
Final |
32 Years 6 Months |
0 |
No |
|
|
R
22 PROPERTIES (PTY) LTD |
M1990/005720/07 |
In Business |
22 Years 7 Months |
0 |
No |
|
|
SUPER MART
(PTY)LTD |
M1991/000472/07 |
Voluntary
Liquidation |
22 Years 2 Months |
0 |
Yes |
|
|
EDCON
RETAIL ACADEMY (PTY)LTD |
M2008/019063/07 |
In Business |
4 Years 8 Months |
0 |
No |
|
Principal -
4of 4 MARK BOWER
|
Surname |
BOWER |
|
First Name |
MARK |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5503195093081 |
|
Verified ID
Number |
Yes |
|
Current Age |
58 |
|
Designation |
CHIEF EXECUTIVE:
GROUP SERVICES |
|
Status |
Active |
|
Appointment Date |
2007/05/14 |
|
Physical
Address (at time of Appointment) |
27 CHESHMA ROAD, BRYANSTON, 2021 |
|
Postal Address |
P O BOX100, CROWN
MINES, 2025 |
|
Current Tel
Number |
0114634315 |
|
Cell number |
0823770049 |
|
Shareholding/Membership |
0.0000 |
Business
Information forMARK BOWER
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
UNITED RETAIL LTD |
M1946/020392/06 |
In Business |
67 Years 3 Months |
0 |
No |
|
|
BOOKWISE (PTY)
LTD |
M1968/014327/07 |
Deregistration
Process |
44 Years 5 Months |
0 |
No |
|
|
LAURE FASHIONS
(PTY) LTD |
M1990/007137/07 |
Deregistration
Process |
22 Years 5 Months |
0 |
No |
|
|
RAPID DAWN 132
(PTY) LTD |
M2002/004179/07 |
In Business |
11 Years 2 Months |
0 |
No |
|
|
EDCON ACQUISITION
(PTY) LTD |
M2007/000518/07 |
In Business |
6 Years 3 Months |
0 |
No |
|
|
EDCON FINCO (PTY)
LTD |
M2007/003444/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
|
EDCON (PTY)LTD |
M2007/003525/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
Principal
Previous Business Interest
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CLAMARIC
PROPERTIES CC |
B1997/054499/23 |
Deregistration
Final |
15 Years 6 Months |
0 |
No |
|
|
CELROSE
JEANS COMPANY (PTY)LTD |
M1971/010266/07 |
Dissolved |
41 Years 7 Months |
0 |
No |
|
|
EDGARS STORES
(MANAGEMENT) LTD |
M1978/001269/06 |
Deregistration
Final |
35 Years |
0 |
No |
|
|
PEOPLES STORES
(TRANSKEI) (PTY)LTD |
M1978/060109/07 |
Deregistration
Final |
34 Years 9 Months |
0 |
No |
|
|
PEOPLES STORES
(BOPHUTHATSWANA) (PTY) LTD |
M1980/070133/07 |
Deregistration
Final |
32 Years 6 Months |
0 |
No |
|
|
CANNON
CLOTHING (PTY) LTD |
M1982/008350/07 |
Voluntary
Liquidation |
30 Years 7 Months |
0 |
Yes |
|
|
CUTHBERTS
BOPHUTHATSWANA (1990) (PTY)LTD |
M1985/070324/07 |
Deregistration
Final |
27 Years 9 Months |
0 |
No |
|
|
PEOPLES STORES
(VENDA) (PTY)LTD |
M1987/080051/07 |
Deregistration
Final |
25 Years 8 Months |
0 |
No |
|
|
ELSONY FOODS
(PTY) LTD |
M1988/070135/07 |
Deregistration
Final |
25 Years |
0 |
No |
|
|
PEOPLES
STORES (MANAGEMENT) (TRANSKEI) (PTY)LTD |
M1989/060170/07 |
Deregistration
Final |
23 Years 9 Months |
0 |
No |
|
|
EXPRESS STORES
(TRANSKEI) (PTY)LTD |
M1989/060173/07 |
Deregistration
Final |
23 Years 9 Months |
0 |
No |
|
|
R 22 PROPERTIES
(PTY) LTD |
M1990/005720/07 |
In Business |
22 Years 7 Months |
0 |
No |
|
|
CARRECK (PTY)LTD |
M1990/007121/07 |
Conversion
CO/CC orCC/CO |
22 Years 5 Months |
0 |
No |
|
|
PEOPLES STORES
(CISKEI) (PTY)LTD |
M1990/092114/07 |
Deregistration
Final |
22 Years 6 Months |
0 |
No |
|
|
SUPER MART
(PTY)LTD |
M1991/000472/07 |
Voluntary
Liquidation |
22 Years 2 Months |
0 |
Yes |
|
|
GOOSE BAY
TRADING (PTY) LTD |
M1991/000983/07 |
Deregistration
Final |
22 Years 2 Months |
0 |
No |
|
|
SMI LEY'S
WEARHOUSE (PTY) LTD |
M1994/001746/07 |
Voluntary
Liquidation |
19 Years 1 Months |
0 |
Yes |
|
|
EDCON SOURCING
(PTY) LTD |
M1994/007869/07 |
Voluntary
Liquidation |
18 Years 7 Months |
0 |
Yes |
|
|
EDGARS STORES LTD |
M1994/070059/10 |
Deregistration
Final |
19 Years 1 Months |
0 |
No |
|
|
AFRICAN
ACCENT (PTY) LTD |
M1995/007083/07 |
Deregistration
Final |
17 Years 9 Months |
0 |
No |
|
|
STUDIO
CLOTHING (PTY) LTD |
M1996/005897/07 |
Dissolved |
16
Years 11 Months |
0 |
No |
|
|
ELLESSE SOUTH
AFRICA (PTY)LTD |
M1996/014364/07 |
Voluntary
Liquidation |
16 Years 6 Months |
0 |
Yes |
|
|
REACTOR CLOTHING
(PTY) LTD |
M1996/014432/07 |
Deregistration
Final |
16 Years 6 Months |
0 |
No |
|
|
THE SAB
FINANCE AND ACCOUNTING SCHOOL |
M1998/015982/08 |
Deregistration
Final |
14 Years 8 Months |
0 |
No |
|
|
E-CORPORATE TRAVEL SOLUTIONS
(PTY)LTD |
M1999/027537/07 |
Dissolved |
13 Years 4 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.62 |
|
|
1 |
Rs.83.69 |
|
Euro |
1 |
Rs.71.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.